On GPS this Sunday at 10am ET/PT, making sense of the markets: What are investors so fearful about? What can be done to stabilize the economy? And just how close to the brink is Europe? Fareed Zakaria leads an intelligent discussion with economist Jeffrey Sachs, TIME’s Rana Foroohar, CFR’s Richard Haass, and British historian Andrew Roberts.
Also, John Miller, one of the few people to have met both Osama bin Laden and Ayman al-Zawahiri gives Fareed the latest intel: How much of a threat al Qaeda is today? What other threats we ought to be concerned about? And what sorts of attacks might be in the works?
Also on the show, a smart take on economic lessons the West can learn from Iran; and a German tale of how not to be a spy.
But first, here is Jeff Sachs on what American needs in order to grow again:
Fareed Zakaria: What does America need to do to grow again?
Jeff Sachs: Consumers are exhausted. Our economies are not competitive right now. There was a little blip, but it's obviously gone away. We're at stagnation at best and maybe entering another recession right now. So we need a different approach. My view is that we can't have consumption-led growth anymore, we have to really build the foundations of our economies both in the U.S. and Europe. We have to become more competitive with our new competitors. We have to have better skills, technology, infrastructure. That means an investment-led recovery, quite different from the short-term stimulus.